Super Group (SGHC) SGHC
NYSE SGHC
$13.95 +0.01 (+0.07%)
As of: Sep 9, 2026 · 3:59 PM EDT

Super Group (SGHC) (SGHC) Research & Development (2021 - 2026)

Super Group (SGHC)'s (SGHC) quarterly Research & Development came in at -$436.0 million in Q2 2026, down 6.86% year-over-year from -$468.1 million in Q2 2025, and down 3.32% quarter-over-quarter from -$422.0 million in Q1 2026.

Analysis

Super Group (SGHC) (SGHC) Research & Development (2021 - 2026) Analysis & Trends

Super Group (SGHC) (SGHC) has reported Research & Development for 6 consecutive years, with -$436.0 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Research & Development fell 6.86% year-over-year to -$436.0 million in Q2 2026; TTM through Jun 2026 was -$1.6 billion, a 10.01% decrease from a year earlier, with the FY2025 full-year figure at -$1.6 billion, down 13.9% from the prior year.
  • Research & Development was -$436.0 million for Q2 2026 at Super Group (SGHC), down from -$422.0 million in the prior quarter.
  • Over five years, Research & Development peaked at -$228.8 million in Q3 2022 and troughed at -$652.0 million in Q2 2024.
  • A 5-year average of -$358.6 million and a median of -$352.0 million in 2024 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development surged 70.28% in 2022 and tumbled 115.9% in 2024, its largest moves.
  • Over 5 years, Research & Development stood at -$228.8 million in 2022, then sank by 47.19% to -$336.8 million in 2023, then declined by 9.92% to -$370.2 million in 2024, then slipped by 12.92% to -$418.0 million in 2025, then decreased by 4.31% to -$436.0 million in 2026.
  • The last three Research & Development figures came in at -$436.0 million (Q2 2026), -$422.0 million (Q1 2026), and -$418.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Flutter Entertainment 17.32 Bn 15.76 Bn 1.71 Bn 1.01 Bn
2 DraftKings 11.73 Bn 10.74 Bn 551.45 Mn 322.54 Mn
3 Super Group (SGHC) 7.05 Bn 6.50 Bn - -436.00 Mn
4 Rush Street Interactive 2.98 Bn 2.64 Bn 139.66 Mn -
5 Codere Online Luxembourg 418.56 Mn 349.13 Mn - -
6 Meridian Holdings 168.45 Mn 151.13 Mn 26.85 Mn -
7 High Roller Technologies 54.19 Mn 51.53 Mn - -
8 VIP Play 24.98 Mn 24.89 Mn -313,000.00 124,000.00
9 Apple iSports 16.64 Mn 16.64 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -436.00 Mn
Mar 31, 2026 -422.00 Mn
Dec 31, 2025 -418.00 Mn
Sep 30, 2025 -371.00 Mn
Jun 30, 2025 -408.00 Mn
Mar 31, 2025 -367.00 Mn
Dec 31, 2024 -370.16 Mn
Sep 30, 2024 -352.00 Mn
Jun 30, 2024 -652.00 Mn
Mar 31, 2024 -330.00 Mn
Dec 31, 2023 -336.76 Mn
Sep 30, 2023 -294.83 Mn
Jun 30, 2023 -301.99 Mn
Mar 31, 2023 -295.93 Mn
Sep 30, 2022 -228.80 Mn
Jun 30, 2022 -240.83 Mn
Mar 31, 2022 -270.17 Mn
Sep 30, 2021 -769.91 Mn
Jun 30, 2021 -540.30 Mn
Mar 31, 2021 -258.68 Mn